Core Scientific shuts down 37K mining rigs it was hosting for Celsius
Core Scientific estimates that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700.
Bankrupt cryptocurrency lender Celsius Network has agreed to let Bitcoin miner Core Scientific shut off more than 37,000 mining rigs it had been hosting for Celsius during the miner’s bankruptcy proceedings.…
https://cryptoinsight.ae/core-scientific-shuts-down-37k-mining-rigs-it-was-hosting-for-celsius/
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Core Scientific estimates that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700.
Bankrupt cryptocurrency lender Celsius Network has agreed to let Bitcoin miner Core Scientific shut off more than 37,000 mining rigs it had been hosting for Celsius during the miner’s bankruptcy proceedings.…
https://cryptoinsight.ae/core-scientific-shuts-down-37k-mining-rigs-it-was-hosting-for-celsius/
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US federal agencies release joint statement on crypto asset risks and safe practices
The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks.
United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the…
https://cryptoinsight.ae/us-federal-agencies-release-joint-statement-on-crypto-asset-risks-and-safe-practices/
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The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks.
United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the…
https://cryptoinsight.ae/us-federal-agencies-release-joint-statement-on-crypto-asset-risks-and-safe-practices/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $855 Billion, a 0.2% change in the last 24 hours
Bitcoin ~ $16,834.67 (-0.2%)
Ethereum ~ $1,252.42 (0.3%)
Solana ~ $13.28 (-4.0%)
Polkadot ~ $4.62 (-0.8%)
Flow ~ $0.728677 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $855 Billion, a 0.2% change in the last 24 hours
Bitcoin ~ $16,834.67 (-0.2%)
Ethereum ~ $1,252.42 (0.3%)
Solana ~ $13.28 (-4.0%)
Polkadot ~ $4.62 (-0.8%)
Flow ~ $0.728677 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
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Why is the crypto market up today?
The crypto market is up today, reflecting market participants’ expectations that inflation is cooling after positive economic data.
The crypto market is up today and Bitcoin, Ether, Solana and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures…
https://cryptoinsight.ae/why-is-the-crypto-market-up-today/
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The crypto market is up today, reflecting market participants’ expectations that inflation is cooling after positive economic data.
The crypto market is up today and Bitcoin, Ether, Solana and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures…
https://cryptoinsight.ae/why-is-the-crypto-market-up-today/
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Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.
Celebrities had a shaky year promoting crypto firms and projects throughout 2022.
Many found themselves named in lawsuits over their alleged promotion of since-failed projects, while others have been relentlessly mocked…
https://cryptoinsight.ae/celebs-who-got-burned-endorsing-crypto-and-those-that-got-away-with-it/
Website | Twitter | LinkedIn | Telegram
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.
Celebrities had a shaky year promoting crypto firms and projects throughout 2022.
Many found themselves named in lawsuits over their alleged promotion of since-failed projects, while others have been relentlessly mocked…
https://cryptoinsight.ae/celebs-who-got-burned-endorsing-crypto-and-those-that-got-away-with-it/
Website | Twitter | LinkedIn | Telegram
SEC files objection to Binance.US’s plans to acquire Voyager Digital
The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition.
The United States Securities and Exchange Commission (SEC) has filed a “limited objection” to crypto exchange Binance.US’s proposed $1 billion takeover of bankrupt crypto lender Voyager Digital, citing a…
https://cryptoinsight.ae/sec-files-objection-to-binance-uss-plans-to-acquire-voyager-digital/
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The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition.
The United States Securities and Exchange Commission (SEC) has filed a “limited objection” to crypto exchange Binance.US’s proposed $1 billion takeover of bankrupt crypto lender Voyager Digital, citing a…
https://cryptoinsight.ae/sec-files-objection-to-binance-uss-plans-to-acquire-voyager-digital/
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Bank of England answers professionals’ questions about upcoming CBDC wallet
The Bank of England answered more than 70 questions from applicants who wish to win over the $244,000 contract.
Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof-of-concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank…
https://cryptoinsight.ae/bank-of-england-answers-professionals-questions-about-upcoming-cbdc-wallet/
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The Bank of England answered more than 70 questions from applicants who wish to win over the $244,000 contract.
Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof-of-concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank…
https://cryptoinsight.ae/bank-of-england-answers-professionals-questions-about-upcoming-cbdc-wallet/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $849 Billion, a -0.7% change in the last 24 hours
Bitcoin ~ $16,815.86 (-0.2%)
Ethereum ~ $1,248.97 (-0.3%)
Solana ~ $13.21 (-0.6%)
Polkadot ~ $4.62 (-0.1%)
Flow ~ $0.694094 (-4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $849 Billion, a -0.7% change in the last 24 hours
Bitcoin ~ $16,815.86 (-0.2%)
Ethereum ~ $1,248.97 (-0.3%)
Solana ~ $13.21 (-0.6%)
Polkadot ~ $4.62 (-0.1%)
Flow ~ $0.694094 (-4.8%)
Follow and subscribe - @GulfCryptoInsight
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2023 could be a rocky year for crypto venture investments: Galaxy Research
Around $30 billion was invested into crypto and Web3 startups in 2022, but will it be repeated this year?
2022 was a big year for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher…
https://cryptoinsight.ae/2023-could-be-a-rocky-year-for-crypto-venture-investments-galaxy-research/
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Around $30 billion was invested into crypto and Web3 startups in 2022, but will it be repeated this year?
2022 was a big year for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher…
https://cryptoinsight.ae/2023-could-be-a-rocky-year-for-crypto-venture-investments-galaxy-research/
Website | Twitter | LinkedIn | Telegram
Wash trading will cause crypto’s next implosion: Mark Cuban
The majority of centralized exchange volume is fake, according to the billionaire investor and Dallas Mavericks owner.
Crypto token wash trading on centralized exchanges will be the cause of the next crypto “implosion,” according to billionaire Dallas Mavericks owner and crypto investor Mark Cuban.
In an interview with The Street on Jan. 5, the billionaire…
https://cryptoinsight.ae/wash-trading-will-cause-cryptos-next-implosion-mark-cuban/
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The majority of centralized exchange volume is fake, according to the billionaire investor and Dallas Mavericks owner.
Crypto token wash trading on centralized exchanges will be the cause of the next crypto “implosion,” according to billionaire Dallas Mavericks owner and crypto investor Mark Cuban.
In an interview with The Street on Jan. 5, the billionaire…
https://cryptoinsight.ae/wash-trading-will-cause-cryptos-next-implosion-mark-cuban/
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DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report
Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period.
According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44…
https://cryptoinsight.ae/defi-security-losses-rose-47-4-in-2022-to-hit-3-64b-report/
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Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period.
According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44…
https://cryptoinsight.ae/defi-security-losses-rose-47-4-in-2022-to-hit-3-64b-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $858 Billion, a 1.0% change in the last 24 hours
Bitcoin ~ $16,932.04 (0.7%)
Ethereum ~ $1,263.92 (1.2%)
Solana ~ $13.28 (0.3%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.707434 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $858 Billion, a 1.0% change in the last 24 hours
Bitcoin ~ $16,932.04 (0.7%)
Ethereum ~ $1,263.92 (1.2%)
Solana ~ $13.28 (0.3%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.707434 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
Jez Mohideen, co-founder and CEO at Laser Digital, argued that traditional financial companies entering the crypto space will help to regulate the industry.
The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market,…
https://cryptoinsight.ae/ftx-collapse-may-boost-further-trust-in-crypto-ecosystem-nomura-exec/
Website | Twitter | LinkedIn | Telegram
Jez Mohideen, co-founder and CEO at Laser Digital, argued that traditional financial companies entering the crypto space will help to regulate the industry.
The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market,…
https://cryptoinsight.ae/ftx-collapse-may-boost-further-trust-in-crypto-ecosystem-nomura-exec/
Website | Twitter | LinkedIn | Telegram
Macroeconomic data points toward intensifying pain for crypto investors in 2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear.
Undoubtedly, 2022 was one of the worst years for Bitcoin buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the…
https://cryptoinsight.ae/macroeconomic-data-points-toward-intensifying-pain-for-crypto-investors-in-2023/
Website | Twitter | LinkedIn | Telegram
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear.
Undoubtedly, 2022 was one of the worst years for Bitcoin buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the…
https://cryptoinsight.ae/macroeconomic-data-points-toward-intensifying-pain-for-crypto-investors-in-2023/
Website | Twitter | LinkedIn | Telegram
$3.9 billion lost in the cryptocurrency market in 2022: Report
The report from Immunefi revealed hacks to have been the main cause of related losses.
Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.
According to the report, hacks were found to…
https://cryptoinsight.ae/3-9-billion-lost-in-the-cryptocurrency-market-in-2022-report/
Website | Twitter | LinkedIn | Telegram
The report from Immunefi revealed hacks to have been the main cause of related losses.
Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.
According to the report, hacks were found to…
https://cryptoinsight.ae/3-9-billion-lost-in-the-cryptocurrency-market-in-2022-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $859 Billion, a 0.0% change in the last 24 hours
Bitcoin ~ $16,942.46 (0.2%)
Ethereum ~ $1,263.47 (-0.0%)
Solana ~ $13.29 (0.1%)
Polkadot ~ $4.64 (-0.4%)
Flow ~ $0.696363 (-1.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $859 Billion, a 0.0% change in the last 24 hours
Bitcoin ~ $16,942.46 (0.2%)
Ethereum ~ $1,263.47 (-0.0%)
Solana ~ $13.29 (0.1%)
Polkadot ~ $4.64 (-0.4%)
Flow ~ $0.696363 (-1.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to…
https://cryptoinsight.ae/hedge-funds-subpoenaed-by-u-s-prosecutors-as-binance-probe-unfolds-report/
Website | Twitter | LinkedIn | Telegram
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to…
https://cryptoinsight.ae/hedge-funds-subpoenaed-by-u-s-prosecutors-as-binance-probe-unfolds-report/
Website | Twitter | LinkedIn | Telegram
FTX asset sales challenged by U.S. Trustee: Report
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses.
Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.
As per the filing, U.S.…
https://cryptoinsight.ae/ftx-asset-sales-challenged-by-u-s-trustee-report/
Website | Twitter | LinkedIn | Telegram
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses.
Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.
As per the filing, U.S.…
https://cryptoinsight.ae/ftx-asset-sales-challenged-by-u-s-trustee-report/
Website | Twitter | LinkedIn | Telegram
Wyre imposes up to a 90% withdrawal limit for all users
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”
Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown.
On Jan. 7, 2023, Wyre…
https://cryptoinsight.ae/wyre-imposes-up-to-a-90-withdrawal-limit-for-all-users/
Website | Twitter | LinkedIn | Telegram
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”
Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown.
On Jan. 7, 2023, Wyre…
https://cryptoinsight.ae/wyre-imposes-up-to-a-90-withdrawal-limit-for-all-users/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $884 Billion, a 3.1% change in the last 24 hours
Bitcoin ~ $17,215.28 (1.6%)
Ethereum ~ $1,308.83 (3.5%)
Solana ~ $16.16 (21.6%)
Polkadot ~ $4.92 (6.0%)
Flow ~ $0.755848 (8.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $884 Billion, a 3.1% change in the last 24 hours
Bitcoin ~ $17,215.28 (1.6%)
Ethereum ~ $1,308.83 (3.5%)
Solana ~ $16.16 (21.6%)
Polkadot ~ $4.92 (6.0%)
Flow ~ $0.755848 (8.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram